Sheree Ville, Newport, Hemsby, Great Yarmouth, Norfolk NR29 4JJ

Description

Parcel of land measuring 0.2 acre situated directly on the coast with uninterrupted views of the sea This parcel of land measuring 0.2 acre is situated directly on the East Norfolk coast with uninterrupted sea views. Formerly there was a property on the land, owned for over 23 years by the current owner, which has been demolished due to coastal erosion. This opportunity would be ideal for someone looking to park a mobile home/caravan and enjoy the spectacular views. Interested parties should make their own enquiries regarding coastal erosion in the area.

Location

Sheree Ville, Newport, Hemsby, Great Yarmouth, Norfolk NR29 4JJ. Located in the NR29 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆